REAL ESTATE
Select Interior Buys T.A.C. for $43M
Select Interior Concepts, Inc. (Nasdaq: SIC), an Anaheim-based building products and services company, said it bought T.A.C. Ceramic Tile Co., an installer of residential and light commercial flooring, for $43 million cash.
Chipotle Adds Legal, Development Execs
Chipotle Mexican Grill Inc. (NYSE: CMG) in Newport Beach named Roger Theodoredis chief legal officer and Tabassum Zalotrawala chief development officer.
Chapman Sees Slowing Economy
The economies of Orange County, California and the U.S. should continue their expansions next year, albeit at slower rates, according to Chapman University’s annual economic forecast.
Grippo’s New Berth: Bellwether, Dana Point
Bellwether Financial Group in Newport Beach named Ralph Grippo a principal, the company said.
Uniti Bought for $63.9 Million
Uniti Financial Corp., the largest Korean-American based bank in Orange County, is being bought by Walnut Creek’s BayCom Corp. (Nasdaq: BCML), the holding company for United Business Bank, for $63.9 million.
Buena Park Group in Hotel Deal
Harbor Hotels LLC, an Arizona family investment group affiliated with Cornerstone Hotel Group LLC in Buena Park, bought the Courtyard by Marriott near Long Beach Exchange, a shopping and entertainment development, from Delaware-registered Mach II Chartres Long Beach.
Next Pendry: Utah, Near Montage
Pendry Hotels plans to build a ski resort in the Canyons Village area of Park City, Utah, about five miles from Montage Deer Valley, a resort run by Pendry sister company Montage Hotels & Resorts.
Select Interior 3Q Sales Up 35%
Select Interior Concepts Inc., an Anaheim-based building products and services company, reported third quarter sales increased 35% to $127.6 million from the same period a year earlier.
Angels Opt Out of Lease
The Los Angeles Angels of Anaheim today opted out of their lease at Angel Stadium, where they have played home games since 1966.
NB Hotel Operator to Add Three
Twenty Four Seven Hotels in Newport Beach will run three inland area hotels for Cerritos-based Soquel Rincon TPS LLC.
Sears Closing South Coast Plaza Location
Sears Holdings Corp. plans to shutter its location at Costa Mesa’s South Coast Plaza as part of its just-announced Chapter 11 bankruptcy filing.
Chargers’ Spanos Dies
Los Angeles Chargers majority owner Alexander Gus Spanos died Tuesday morning. He was 95.
Obit: Com RE Exec Lutton
Mike Lutton, a fixture in the local commercial real estate industry for 30 years, has died; he was 62.
Foundation Sells Business Unit
Tustin-based Foundation Building Materials Inc. (NYSE: FBM), a distributor of building products, said Thursday it will sell its mechanical insulation business to Dunes Point Capital LP of Rye, N.Y., for $122.5 million.
Willdan Gets $17M Schools Projects
Willdan Group Inc. (Nasdaq: WLDN) got $17 million in contracts with Colorado school districts.
